08.05.2017 - 15:15 [ Reuters ]

Euro slides from six-month peak as Macron win spurs profit-taking

The euro fell from six-month highs against the dollar on Monday, after Emmanuel Macron‘s widely expected victory in France‘s presidential election, as investors took profit on a roughly three percent gain for the currency since he won the first round two weeks ago.

Macron‘s overwhelming win on Sunday briefly pushed the euro above $1.10 versus the greenback, the highest since the U.S. presidential election in November.